REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 June 2023 |
for |
ODYSSEY KNEBWORTH LIMITED |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 June 2023 |
for |
ODYSSEY KNEBWORTH LIMITED |
ODYSSEY KNEBWORTH LIMITED (REGISTERED NUMBER: 03959570) |
Contents of the Financial Statements |
for the Year Ended 30 June 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
ODYSSEY KNEBWORTH LIMITED |
Company Information |
for the Year Ended 30 June 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
1a The Quadrant Courtyard |
Quadrant Way |
Weybridge |
Surrey |
KT13 8DR |
ODYSSEY KNEBWORTH LIMITED (REGISTERED NUMBER: 03959570) |
Abridged Balance Sheet |
30 June 2023 |
30.6.23 | 30.6.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 5 |
Retained earnings |
SHAREHOLDERS' FUNDS |
ODYSSEY KNEBWORTH LIMITED (REGISTERED NUMBER: 03959570) |
Abridged Balance Sheet - continued |
30 June 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
ODYSSEY KNEBWORTH LIMITED (REGISTERED NUMBER: 03959570) |
Notes to the Financial Statements |
for the Year Ended 30 June 2023 |
1. | STATUTORY INFORMATION |
Odyssey Knebworth Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
The whole of the turnover is attributable to health and fitness activities. |
All turnover arose within the United Kingdom. |
Tangible fixed assets |
Freehold property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
ODYSSEY KNEBWORTH LIMITED (REGISTERED NUMBER: 03959570) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
ODYSSEY KNEBWORTH LIMITED (REGISTERED NUMBER: 03959570) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 July 2022 |
Additions |
At 30 June 2023 |
DEPRECIATION |
At 1 July 2022 |
Charge for year |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
At 30 June 2022 |
5. | RESERVES |
Revaluation |
reserve |
£ |
At 1 July 2022 |
and 30 June 2023 |
6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
7. | OTHER FINANCIAL COMMITMENTS |
The company has guaranteed the bank borrowings of its immediate parent undertaking; as at the balance sheet date, these amounted to £2.14 million (2021 - £2.14 million). |
8. | RELATED PARTY TRANSACTIONS |
The company has taken advantage of the exemption available under FRS 102 not to provide details of related party transactions with its immediate parent undertaking. |
ODYSSEY KNEBWORTH LIMITED (REGISTERED NUMBER: 03959570) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
9. | ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY |
Odyssey Group Holdings Limited is the company's immediate parent undertaking. The controlling party since September 2018 is Peter Ward. Before this date the ultimate parent undertaking was Jape Capital Limited acting as a nominee and there was no overall controlling party.. |